In the provision of services to all patients, a hospital used $250,000 of supplies. The general ledger will reflect a decrease of $250,000 in supplies (an asset) and a increase in $250,000 in supplies expense. True or False. Please explain

A hospital purchases $50,000 of supplies on credit. The vendor expects payment within 30 days. The general ledger will reflect a decrease in cash (an asset) of $50,000 because supplies were purchased and will show an increase in supply expense (a net asset) of $50,000. True or False. Please explain